Middle East crude benchmarks Oman and Dubai surged this week, buoyed by tightening supply. At the same time, Saudi Arabia lowered its March Arab Light official selling price to Asia, hinting at a cautious stance in the regional oil market

Best Asian Daily Information Website

Middle East crude benchmarks Oman and Dubai surged this week, buoyed by tightening supply. At the same time, Saudi Arabia lowered its March Arab Light official selling price to Asia, hinting at a cautious stance in the regional oil market

Exxon is reportedly in talks with Iraq to acquire Lukoil’s stake in the massive West Qurna 2 oilfield, sources say. This potential deal highlights a surge of interest in strengthening and expanding Iraq’s energy partnerships